The Civil Engineering Contractors Association (CECA) has welcomed the formation of a new UK Government under incoming Prime Minister Liz Truss but said that her administration must hit the ground running to deal the threat of a looming recession.
Commenting, CECA Director of Operations Marie-Claude Hemming said: “We welcome Prime Minister Truss to her new role and look forward to working with her government to ensure our sector can continue to drive economic growth and deliver the infrastructure our businesses and communities rely upon.
“We acknowledge that the current fiscal outlook is challenging. Nonetheless we call on the new Government to hold its nerve in the face of the current economic headwinds, and commit to existing programmes of investment, to project jobs, and ensure market confidence.
“The infrastructure sector is looking for clarity, continuity, and consistency from the new Government. We look forward to working with the Prime Minister to ensure her administration can hit the ground running, by unleashing growth and driving productivity gains through the delivery of Great British infrastructure.”
According to the Office of National Statistics (ONS) total general government investment in infrastructure was approximately £20.6 billion in 2020, of which £13.9 billion was allocated to central government and £6.7 billion in local government, in current prices; this marks an annual decrease of 2.7% compared with 2019.